The Public Provident Fund (PPF) scheme has been a popular vehicle in India for long-term investments. This instrument is mainly popular for its tax exempt features. The money invested in PPF gets exemption from tax, interest earned is non-taxable and the maturity amount gets tax-exemption as well. Apart from these benefits, PPF has many other…
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Online shopping has not only made shopping easy, but also increased the bar of spending choices. With just one click huge purchases are made, burning out the pockets. If you are a vigorous online shopper, these tips would help you save big. Be aware of the sales tax. It adds up to your total purchase…
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For decades, society has not allowed women to involve in the family finances. She has been told that she cannot understand finances like men does! Admitting to this ideology, many women, even today, tend to view financial matters as boring and tough subject. On the contrary, this ideology has never proven beneficial, especially when the…
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I was all excited that I successfully built an emergency fund containing my 6-month income. I knew that this money that I build with a lot of patience and discipline would help me stay worry-free for next 6 months in emergencies. I need not worry about any unexpected situation that demands financial attention, as I…
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Groceries tend to take a big bite of your income, whether you are living alone or with your family. According to the Bureau of Labour Statistics, the third largest household expense is food. Thus, it becomes essential to keep a tab on the money we are spending on groceries. Read through the post to find…
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The National Pension System (NPS) is a retirement scheme established by the Indian Government on 1 January 2004 for all its citizens aged between 18 and 60. It is a vehicle that offers reasonable market returns over the long-term and to generate regular income during the old-age. Key Features Of NPS Include: Permanent Retirement Account…
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If you have been an investor, one of the best lessons you would have learned is to be aware of your emotions while investing. Many times, emotions become self-enemy, especially when making crucial investment decisions. According to studies, several emotions like fear, euphoria, hyperactivity, overconfidence, greed, and denial acts as powerful drivers behind investments. To…
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I am a software professional, working with a US-based organization. A few years back, when I was 35, I availed a home loan of INR 30 lakhs for 9.6% interest rate. I used the loan amount to buy a home and kept paying the EMIs, regularly. After a few months, one of my friends, who…
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As a parent, you would surely want to keep your child safe and secure, both today and tomorrow. However, simply wishing or saving now and then cannot make a difference. It is never a one night task, but rather takes in a lot of discipline, patience, and strategy. Indeed, one has the build a secure…
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Home is the paradise on earth! Of course, it has a loving and caring family! You try every possible thing to make home a lovely place to live in. Why not take another step to insure it? Yes, you can protect your sweet home from vulnerable like disasters and natural calamities. Read through to get…
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